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414
Dec 8, 2012
12/12
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FOXNEWSW
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one of the things about this fiscal cliff debate that bothers me, even if we raise taxes on the top two or three% and the president may reveil. then you go into 2013 and i heard the discussion on the debt which was fantastic. even if we do the tax increases on the rich they're not going to raise that much money and not that many people that make over 400 $500,000 a year and that means if the liberals want a fund these new programs and they want to bring this trillion dollar debt down. you know where they have to go, eric, who are they going to have to tax. they're f are not going to be w on the very rich, 1 or 2%, they're going to go after the middle class, at least howard dean was being honest. >> clayton: people watch fox and other networks with a different perspective on taxes and what not. >> eric: the reality is, we have a spending problem, steve. how much money we're actually taxing, tax revenues are going up. >> they have to. >> eric: it's a spending issue. if we're putting a trillion dollars into the deficit you can't fix that with taxes. >> no, you sure can't. eric, when i firs
one of the things about this fiscal cliff debate that bothers me, even if we raise taxes on the top two or three% and the president may reveil. then you go into 2013 and i heard the discussion on the debt which was fantastic. even if we do the tax increases on the rich they're not going to raise that much money and not that many people that make over 400 $500,000 a year and that means if the liberals want a fund these new programs and they want to bring this trillion dollar debt down. you know...
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139
Dec 8, 2012
12/12
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CNNW
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it's about the money. >> so is 37 the magic number in this fiscal cliff debate? "outfront," two men who know taxes very well. douglas holtz-ekin, president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal. there's a long way to go. it's important that they reach an agreement. the fiscal cliff is a very real danger to the united states economy. it's a recipe for a recession. and i certainly would not like to see the rhetoric that we saw from the treasury secretary tim geithner who said he's prepared to go over the fiscal cliff. that is not a good way to talk about what's going on right now. >> mr. reich, let me ask you the same thing. do you think there's code suggesting they are working towards something? because, doug, as you point out, the language was really harsh during this week. but all of a s
it's about the money. >> so is 37 the magic number in this fiscal cliff debate? "outfront," two men who know taxes very well. douglas holtz-ekin, president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal....
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Dec 8, 2012
12/12
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MSNBCW
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if we go over the fiscal cliff, you are going to have a $2,000 increase in taxes for the average household. i want to look at what the inflated prices we are currently paying for things like our 401(k)s, our bank fees, our electric utilities, our state and local taxes. they add up to $2,390. we are paying it to corporations that are making big profits. >> one of the key things corporations have been doing is finding ways to privatize redistribution upward, it is not trickled down which was invented to deride reaganism but it is amazon or niagara up. the single biggest trend is corporations pocketing taxes so they never get to the government. there are 2700 companies, every big brand name company you have ever heard of, gets to keep some or all of the state income taxes with held from their workers paychecks. they don't know this. the company gets a tax credit equal to those taxes in a confidential document. all over the place, that's what's happening. our tax dollars are being diverted to corporations through gifts, through tax credits, through all sorts of different mechanisms. >> how do
if we go over the fiscal cliff, you are going to have a $2,000 increase in taxes for the average household. i want to look at what the inflated prices we are currently paying for things like our 401(k)s, our bank fees, our electric utilities, our state and local taxes. they add up to $2,390. we are paying it to corporations that are making big profits. >> one of the key things corporations have been doing is finding ways to privatize redistribution upward, it is not trickled down which...
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Dec 8, 2012
12/12
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in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the hour as well. >> thank you. >>> the last remaining house race of the 2012 election cycle is pabt to come to a close. in louisiana, republican congressman charles boustany jr., jeff landry facing off in a runoff election. they were forced to run in the same district in bayou because of the state's shrinking congressional delegation. both conservative republicans, landry a tea party freshman. we'll keep you abreast of what happens. >>> meanwhile, high drama about to surround the high court as the justices agree to take on the high-stakes issue of same-sex marriage. ♪ >>> the man
in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the...